Swirge USD Stock Forecast
A very red day for Swirge USD stock price after a -8.79% fall in the Friday trading session
(Updated on Jun 28, 2024)
The Swirge USD stock price fell by -8.79% on the last day (Friday, 28th Jun 2024) from $0.0009 to $0.0008. During the last trading day the stock fluctuated 9.38% from a day low at $0.0008 to a day high of $0.0009. The price has risen in 5 of the last 10 days and is up by 13.04% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -143 shares and in total, 23 shares were bought and sold for approximately $0.0181 .
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 13.36% during the next 3 months and, with a 90% probability hold a price between $0.0005 and $0.0012 at the end of this 3-month period.
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SWGUSD Signals & Forecast
The Swirge USD stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $0.0007 and $0.0007. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, June 27, 2024, and so far it has fallen -8.79%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Swirge USD stock
Swirge USD finds support from accumulated volume at $0.0008 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.000074 between high and low, or 9.38%. For the last week the stock has had daily average volatility of 16.15%.
Our recommended stop-loss: $0.0007 (-5.78%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (SWGUSD) For The Upcoming Trading Day Of Saturday 29th
For the upcoming trading day on Saturday, 29th we expect Swirge USD to open at $0.0008, and during the day (based on 14 day Average True Range), to move between $0.0007 and $0.0008, which gives a possible trading interval of +/-$0.00005779 (+/-7.32%) up or down from last closing price. If Swirge USD takes out the full calculated possible swing range there will be an estimated 14.65% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0008 (0.25%) than the resistance at $0.0009 (9.63%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Swirge USD stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Swirge USD stock to perform well in the short-term.
Current score: 3.284 Buy Candidate Unchanged
Predicted Opening Price for Swirge USD of Saturday, June 29, 2024
| Fair opening price June 29, 2024 | Current price |
|---|---|
| $0.0008 ( 3.13%) | $0.0008 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SWGUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0009 | 12.51% |
| R2 | 0.0009 | 8.92% |
| R1 | 0.0008 | 6.71% |
| Price | 0.0008 | |
| S1 | 0.0008 | -0.456% |
| S2 | 0.0008 | -2.67% |
| S3 | 0.0007 | -6.25% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0010 | 20.66% |
| R2 | 0.0009 | 11.15% |
| R1 | 0.0009 | 9.63% |
| Price | 0.0008 | |
| S1 | 0.0008 | -0.253% |
| S2 | 0.0007 | -8.49% |
| S3 | 0.0006 | -20.53% |
FAQ
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